CLEVELAND (AP) — CLEVELAND (AP) — Applied Industrial Technologies Inc. (AIT) on Thursday reported fiscal third-quarter earnings of $97.2 million.
On a per-share basis, the Cleveland-based company said it had net income of $2.48.
The industrial products company posted revenue of $1.15 billion in the period.
Applied Industrial Technologies expects full-year earnings in the range of $9.55 to $9.70 per share.
Applied Industrial Technologies shares have increased nearly 8% since the beginning of the year. The stock has risen 36% in the last 12 months.
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